Mandate National Mortgage Corporation - Second quarter 2006 dividend19 June 2006
On behalf of the Board of Directors of Mandate National Mortgage Corporation ("Mandate"), Mr. Alan Long, President, is pleased to announce that June 30, 2006 has been fixed as the record date for the second quarter 2006 dividend. The amount of the dividend will be announced by July 31, 2006 and paid by August 15, 2006.
Mandate operates as a mortgage investment corporation under the provisions of the Income Tax Act (Canada) and invests in a diverse portfolio of residential and commercial mortgages. Mandate has provided and intends to continue to provide a high dividend yield to its shareholders through its prudent mortgage lending policy. Mandate has been among the top performing mortgage funds for the past ten years as reported in the financial press.
Mandate regularly distributes all of its earned income to its shareholders by way of dividend. Most of Mandate's Common shareholders have requested that these dividends be reinvested in additional Mandate Common shares, thus increasing the overall yield. Mandate's Common Shares are fully R.R.S.P. eligible and it's primary objective is to continue to provide an above average yield to its shareholders while expanding its mortgage portfolio through the raising of additional capital.
ON BEHALF OF THE BOARD OF DIRECTORS
(signed)
--------------------
ALAN E.R. LONG
PRESIDENT
For further information: Mr. Alan E.R. Long or Mr. Richard Gasten at (604) 731-2899
Source: newswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
Related Articles
|
